Links 3/17/2023 | naked capitalism
Active volcano spotted on Venus. The planet’s not dead yet. Space.com Alligator in the Attic: Building Inspector Shocked to Find 8-ft Beast in Three-Story Home Field & Stream B-a-a-a-a-d Banks…
Were the Bank Bailouts the Result of Rising Wealth Concentration? | naked capitalism
Typically, financial crises, as in the sort that might or actually do impair the banking system, are the result of leveraged speculation. Is this one of those rare instances when…
The Central Bank of Nigeria Just Paused Its Demonetisation Program After Visiting Untold Damage on Nigeria’s Economy | naked capitalism
Three months after Nigeria’s central bank launched demonetisation, economic conditions continue to deteriorate in the country. Now, one of the country’s leading newspapers is calling for the arrest and prosecution…
The High and Getting Higher Cost of Renting in the US | naked capitalism
Yves here. The seemingly relentless rise of housing costs, and with them, the cost of renting, has become close to a dog-bites-man story. However, as this article underscores, the true…
Escape from Muddle Land | naked capitalism
Yves here. Hoo boy, if any future civilizations deign to study our attempt at one, this sort of thing, an exercise in radical subjectivism. would likely be seen as degenerate…
Michael Hudson Talks to Ben Norton About SVB and Bank Failures | naked capitalism
Yves here. Michael Hudson gives yet another meaty take on the recent spate of bank implosions in the US, with the spectacle of sick man Credit Suisse taking a big…
The Not-So-Winding Road from Iraq to Ukraine | naked capitalism
Yves here. Yours truly was in Sydney in the runup to the Iraq war, where surveys showed 94% opposed to the coming conflict, a level of unanimity unheard of in…
SVB and the Only Choice We Have | naked capitalism
Yves here. This post makes a point that is glossed over in nearly all mainstream coverage of the collapse of SVB and resulting bailout: the discount window liberalization and the…
The Role of Default Settings in Online Searches: Challenging Google Dominance | naked capitalism
Yves here. Quelle surprise! It is possible for regulators to remind consumers that they don’t have to default to Google as their search engine, and more bloody-minded schemes are most…
How Does SARS-CoV-2 Cause Disease? A Current Report | naked capitalism
Yves here. KLG unpacks a recent overview paper on SARS-CoV-2 mechanisms. Although this discussion is, of necessity, somewhat technical, Covid isn’t going away any time soon. So making an investment…